The Marquie Group Receives SEC Approval For S-1 Registration

Rhea-AI Summary

The Marquie Group (TMGI) announced the approval of its S-1 registration statement by the SEC, enabling it to raise funds through a $5 million Equity Commitment Agreement with MacRab. The agreement entails issuing up to 500 million shares at $0.01 each, with initial registration for 75 million shares. CEO Marc Angell highlighted that the capital will enhance sales for their Whim product line and support the introduction of new products. Simply Whim, the company's subsidiary, offers a premium skincare line focusing on multi-active ingredients aimed at improving skin health.

Positive

• Approval of S-1 registration facilitates new capital raising.
• Potential $5 million equity funding for growth initiatives.
• Increased capital aimed at enhancing sales and product awareness.

Negative

• None.

ST. PETERSBURG, FL, March 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- The Marquie Group, Inc. (OTCMKTS:TMGI) (“The Marquie Group” “TMGI” or the “Company”), today announced that its registration statement filed on Form S-1 in October 2022, has been approved by the Securities and Exchange Commission (the SEC) and is now effective.

The Company will receive proceeds from the sale of securities pursuant to a $5,000,000 (five million dollar) Equity Commitment Agreement entered into with Florida based investment group, MacRab. Under the terms of the prospectus, the shares registered are comprised of 75,000,000 common shares priced at $0.01 with a potential maximum of 500,000,000 shares that may be issued under the Agreement.

The Marquie Group CEO Marc Angell said, “Approval of the S-1 is a turning point for the Company which will provide us with the capital necessary to increase sales of our Whim product line through multiple advertising channels. Our goal is to lower customer acquisition costs and increase product awareness while improving profit margins.” Adding, “Proceeds from the S-1 will also give us the opportunity to bring additional unique, and exciting new products to market in an expedited time frame.”

The company’s subsidiary, Simply Whim has created a premium line of skin care products called Whim, using multi-active ingredients with multi-benefits for the skin. They’ve included the latest ingredient technologies as well as tried and true favorites by isolating plant-based ingredients from both land & sea, all with a skin care purpose. The line is rich in peptides, antioxidant vitamins, amino acids, alpha hydroxy acids, and more. With a marketing banner, “Age is not a skin type”, driving the message that your chronological age does not define how your skin ages, rather, the way you treat your skin through your lifestyle choices does. A daily regimen of Whim products combined with a good diet, exercise, and healthy habits will help keep you looking young and healthy.

About The Marquie Group

The Marquie Group, Inc. is a sales and marketing company with several products under exclusive licensing agreement, and an equity stakeholder in Simply Whim, a health and beauty product development company with several products in the marketplace sold under the Whim® brand. The full line of Whim products can be found at simplywhim.com. The company also sells the Whim products using radio commercials delivered by its wholly owned subsidiary, Music of Your Life, a nationwide syndicated radio network. Music of Your Life is heard around the country on terrestrial radio stations, and around the world over the Internet at musicofyourlife.com. Music of Your Life is the nation’s longest running syndicated music radio service.

Forward-Looking Statements

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

Investor and Media Inquiries
Marc Angell, CEO
marc@themarquiegroup.com

FAQ

What is the significance of the SEC's approval for TMGI's S-1 registration?

The SEC's approval allows TMGI to raise funds through the sale of securities, which is essential for its growth strategy.

How much capital is TMGI expected to raise from the S-1 registration?

TMGI expects to raise up to $5 million from the Equity Commitment Agreement with MacRab.

What are the terms of the Equity Commitment Agreement for TMGI?

TMGI can issue up to 500 million shares priced at $0.01 each under the agreement.

What products does Simply Whim offer under TMGI?

Simply Whim offers a premium skincare line featuring multi-active ingredients aimed at improving skin health.

What is the primary goal of TMGI with the new funding?

The primary goal is to lower customer acquisition costs, increase awareness of the Whim product line, and improve profit margins.